Category: Banking

Regulatory Watch News

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  Florida Man Pleads Guilty to Conspiracy to Defraud the United States

  US Department of Justice

  May 14, 2025

  Defendant’s Scheme Caused $3M Loss to the U.S. Treasury

  Last week, a Florida man pleaded guilty before Magistrate Judge David A. Baker for the Middle District of Florida to conspiring to defraud the United States by filing false tax returns for clients. The plea must be accepted by a U.S. district court judge. The following is according to court documents and statements made in court: Diandre Mentor, of Miami, worked for a tax return preparation company between January 2017 and 2019 named Neighborhood Advance Tax (NAT). Mentor and his co-conspirators operated a dozen offices throughout Florida that fraudulently inflated client tax refunds by fabricated deductions on their returns.

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  FCA confiscates over £300,000 from convicted fraudsters

  Financial Conduct Authority

  May 14, 2025

  The FCA has secured confiscation orders of £305,284 against Raheel Mirza, Cameron Vickers and Opeyemi Solaja for their roles in an investment fraud. This amounts to all their remaining assets.

  The confiscation proceedings for Reuben Akpojaro have been adjourned to a later date. The money will be returned to investors at the earliest opportunity. Failure to pay can lead to imprisonment.

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  Arrest in joint money laundering investigation by police and FIOD

  Fiscal Information and Investigation Service - FIOD

  May 14, 2025

  On May 13, the joint investigation team IFi of the police and FIOD arrested a man (57) and a woman (37) from Amsterdam. They are suspected of money laundering and forgery. A number of homes and a business premises in Amsterdam were searched, and physical and digital administration and data carriers, such as telephones, computers and identity documents, were seized.

  The man has a company that does money transfers, among other things. It is suspected that the man and woman transferred cash of criminal origin abroad. Both were taken to a cell complex for questioning.